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Stock Market & Financial Investment News

News Breaks
January 10, 2014
18:04 EDTQSIIQuality Systems sees Q3 EPS, revenue below estimates
Q3 EPS consensus 22c, revenue consensus $114.98M. Quality Systems announced that based on a preliminary review of its financial results, the company’s Q3 results will be below analysts’ consensus expectations for revenues and earnings per share. Impacting the results were several factors, including: lower-than-anticipated results from the Hospital Solutions Division; a reduction in capitalized software development costs; and, increased amortization of capitalized software development costs relating to the release of NextGen Ambulatory EHR version 5.8 and 8.3, which occurred during the quarter. Any impairment charge related to the long-lived assets of the Hospital Solutions Division could also adversely impact Q3 results. The company said that while it has not yet determined the amount of the charge, the long-term assets within the Hospital Solutions Division that are under impairment review have an aggregate net book value of approximately $30M. Shares of Quality Systems are down $2.04, or 9.74%, to $18.90 in after hours trade following the news.
News For QSII From The Last 14 Days
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October 23, 2014
05:47 EDTQSIIQuality Systems reports Q2 EPS 13c, consensus 14c
Reports Q2 revenue $120.5M, consensus $119.48M. During the quarter, the company’s pipeline grew to $161.8M, improving for the eighth consecutive quarter. At quarter-end, the company’s liquidity position was strong, with $123.5M of cash and investments. Steven T. Plochocki, president and CEO, stated, “During the Q2, we saw marked improvement across all fronts within the organization. The significant progress we are making is having a cumulative effect, which is creating positive momentum in our business and our results. We continue to realize benefits from the initiatives we have put into place over the past year, including the restructuring of our functional organizations, the cross selling of our products and services and the release of new solutions that cater to the evolving healthcare marketplace. Revenue Cycle Management, population health and interoperability are all among the key areas that are impacting the company’s sales and marketing efforts, in terms of both net new deals as well as cross selling into our growing client base. All of this strengthens our position as we head into the second half of this fiscal year.”
October 21, 2014
05:19 EDTQSIIQuality Systems dental division announces strategic partnership with Patterson
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October 17, 2014
05:20 EDTQSII NextGen Healthcare, InterSystems demonstrate cross-vendor interoperability
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